Tag Archives: Negative Swiss interest rates

Investec Switzerland. It’s a sign the world is getting used to negative interest rates when what once seemed bizarre starts looking like the norm. © Robyn Mackenzie | Dreamstime.com Consider Switzerland, where more and more companies are taking out insurance policies to protect their cash hoards from theft or damage. “Because of the low interest rate level, we note increasing demand for insurance solutions for the storage of cash,” said Philipp Surholt at Zurich Insurance...

Brought to you by Investec Switzerland. The Swiss National Bank could reduce the amount of leeway it grants banks on its negative deposit rate in a bid to prevent an already “significantly overvalued” franc from strengthening, President Thomas Jordan said. © Peterpolak | Dreamstime.com Still, reducing the threshold — currently 20 times an institution’s minimum reserves — isn’t an imminent step, Jordan said in an interview with Bloomberg Television in Washington on Saturday, where he...

Investec Switzerland. Swiss National Bank President Thomas Jordan doesn’t expect cash stockpiling even with negative interest rates and a new series of smaller banknotes. Source: Swiss National Bank “The size has no impact on the cash hoarding,” he said in a Bloomberg Television on Wednesday in Bern after the central bank unveiled a new banknotes that are smaller than those presently in use. “But we don’t really observe a big hoarding in Switzerland. We have a little bit...